Image courtesy of Google Maps.

An investment firm has bought a three-parcel commercial property in Fairfield near the Bridgeport line for $12.5 million.

Totaling 101,402 square feet, Kohl’s department store has anchored the property since Caldor’s vacated it 20 years ago. The Russell Speeder Car Wash located at 620 Villa Ave., which is part of the transaction, has a long-term lease. In addition to the two commercial buildings, a 1.07-acre parcel on Greenfield Street used for additional parking was included in the transaction. The Villa Avenue and now Russell Speeder Car Wash has been at this location since 1964.

“It is especially gratifying for me to complete this transaction because I worked at the Villa Avenue Car Wash in 1969,” Bruce Wettenstein, partner in commercial real estate firm Vidal/Wettenstein, said in a statement.

Wettenstein oversaw the negotiations for the transaction for the owner, Tunxis Associates LLC. Counsel for the seller was Marshall Goldberg of Wofsey, Rosen Kweskin & Kuriansky, and for the purchaser, Dana Friedman of Harlow, Adams & Friedman P.C. of Milford.